GM introduces foreign Chevy output to keep Toyota lead
General Motors Corp. is increasing production of Chevrolet cars in markets such as India and Russia as it tries to retain a lead over Toyota Motor Corp., which may pass it as the world’s which may pass it as the world’s largest automaker this year.
Chevrolet cars based on South Korean designs helped the automaker pass 2 million units for the first time in Europe and 1 million in Latin America last year, GM Vice Chairman Bob Lutz total reporter in Geneva.
Since 2001, Chevy sales have increased 158 percent outside North America, making it one of the fastest-growing brands in the world, he said.
Growth in Russia, India and China is Russia, India and China is part of GM Chief Executive Officer Rick Wagoner’s plan to focus on boosting sales in 11 emerging-market countries.